ECS1601 – ASSESSMENT 4 – EXPECTED QUESTIONS AND ANSWERS - 2024
Assessment 4
Started on Monday, 9 October 2023,
State Finished
Completed on Monday, 9 October 2023,
Time taken
Marks 20.00/20.00
Grade 100.00 out of 100.00
Question 1
The following question is based on the table below:
Month Consumer price index
2012 2013
January 50.3 60.2
February 52.4 61.1
April 53.2 63.1
May 55.5 64.2
June 56.1 65.3
What is the annual inflation rate for May 2013?
a.
15.68
b.
13.55
c.
8.7
d.
1.74
Feedback
1
, ECS1601 – ASSESSMENT 4 – EXPECTED QUESTIONS AND ANSWERS - 2024
Refer to section 10.2 of the prescribed textbook.
Question 2
Which one of the following will not be appropriate in an attempt to combat
demand-pull inflation?
a.
Measures to decrease the productivity of labour
b.
An increase in taxes
c.
A decrease in government spending
d.
An increase in interest rates
Feedback
Refer to section 10.4 of the prescribed textbook.
Question 3
Paul lends R10 000 to his friend Steven for one year. They agree that Steven
would pay the R10 000 back with 5% interest at the end of the year. If the
inflation rate is 6%, which of the following would be true for the real value of
the amount that Steven pays back at the end of the year?
a.
It would be less than R10 000.
b.
It would be exactly R10 500.
c.
It would be more than R10 000 but less than R10 500
d.
It would be more than R10 500.
Feedback
Refer to section 10.3 of the prescribed textbook.
2
Assessment 4
Started on Monday, 9 October 2023,
State Finished
Completed on Monday, 9 October 2023,
Time taken
Marks 20.00/20.00
Grade 100.00 out of 100.00
Question 1
The following question is based on the table below:
Month Consumer price index
2012 2013
January 50.3 60.2
February 52.4 61.1
April 53.2 63.1
May 55.5 64.2
June 56.1 65.3
What is the annual inflation rate for May 2013?
a.
15.68
b.
13.55
c.
8.7
d.
1.74
Feedback
1
, ECS1601 – ASSESSMENT 4 – EXPECTED QUESTIONS AND ANSWERS - 2024
Refer to section 10.2 of the prescribed textbook.
Question 2
Which one of the following will not be appropriate in an attempt to combat
demand-pull inflation?
a.
Measures to decrease the productivity of labour
b.
An increase in taxes
c.
A decrease in government spending
d.
An increase in interest rates
Feedback
Refer to section 10.4 of the prescribed textbook.
Question 3
Paul lends R10 000 to his friend Steven for one year. They agree that Steven
would pay the R10 000 back with 5% interest at the end of the year. If the
inflation rate is 6%, which of the following would be true for the real value of
the amount that Steven pays back at the end of the year?
a.
It would be less than R10 000.
b.
It would be exactly R10 500.
c.
It would be more than R10 000 but less than R10 500
d.
It would be more than R10 500.
Feedback
Refer to section 10.3 of the prescribed textbook.
2
